+A -A
KUALA LUMPUR (July 16): At today’s Bursa Malaysia afternoon close, theedgemarkets.com highlighted six stocks with momentum. Positive momentum was seen in three stocks, while negative momentum was seen in three others.
Positively trending stocks included:
Kia Lim Bhd is now trading at 55 sen, up half a sen.
B.I.G. Industries Bhd (BIG) is trading at 94.5 sen, up 20.5 sen.
Hwa Tai Industries Bhd is now trading at 63 sen, up 11 sen.
The stocks with negative momentum were: Tex Cycle Technology (M) Bhd — up one sen at 49 sen; Tex Cycle Technology (M) Bhd — up one sen at 49 sen; Tex Cycle Technology (M) Bhd — up one
Mulpha International Bhd is now trading at RM2.25 per share, up nine sen.
Resintech Bhd’s share price remained constant at 54.5 sen.
A sophisticated mathematical technique is used to construct the list of stocks with momentum, which highlights equities with increased trading volume and price. The algorithm can tell the difference between equities with positive (+ve) and negative (-ve) momentum.
This is not a suggestion to purchase or sell any of the stocks on this list. It simply indicates which stocks are experiencing higher-than-normal volume and price fluctuations.
From here, the stock price could go up or down. The “+ve” (indicating a rising price trend on volume) and “-ve” (indicating a falling price trend on volume) indications, on the other hand, should help readers understand what the market is purchasing and when to sell. It’s also worth noting that momentum usually only lasts a short time.
Each stock, however, has a fundamental score and a valuation score to help readers assess the stock’s potential if they want to ride the trend./n
